TY-LED Group GT Capital Holdings, Inc. has signed a memorandum of understanding with the Ateneo de Manila University to develop a 15-hectare Ateneo campus within its flagship township, Riverpark, in General Trias City, Cavite.
Riverpark is owned by Federal Land, Inc., the property arm of GT Capital. By Federal Land NRE Global, Inc. (FNG) through its joint venture with Nomura Real Estate Development Co., Ltd. of Japan.
Alfred V. Tye, vice president of GT Capital, said the partnership is in line with the group's long-term commitment to sustainable community development.
“Ateneo’s presence at Riverpark not only strengthens Cavite’s educational landscape but also uplifts the lives of the communities we serve,” he said in a statement on Monday.
“Our investment in this campus reflects our long-term commitment to creating lasting value based on the values of excellence and service for generations of Filipinos,” he said.
The Cavite campus, which is targeted to open by 2030, will serve students from southern Metro Manila and surrounding provinces.
Riverpark is attracting major investors, with UNIQLO's logistics facility and the soon-to-open SM City General Trias among the ongoing developments.
Earlier this year, FNG reported that the first batch of commercial lots at Riverpark, which is to be developed into offices, retail and mixed-use facilities, had sold out.
By 2026, residents will have direct access to the Open Canal Interchange of the Cavite-Laguna Expressway (CALAX), which is expected to cut commuting time to and from the township.
The signing ceremony was held on October 24 at the GT Tower International Penthouse in Makati City, with GT Capital represented by Mr. Tay and President Carmelo Maria Luza Bautista, and Ateneo represented by its President Fr. Roberto C. Yap, SJ
Also present were Ateneo Board of Trustees Chairperson Bernadine T. Sy, Federal Land Vice President and FNG President William Thomas Mirasol, FNG Vice President Yusuke Hirano and Federal Land President Jose Mari H. Banzon.
At the local bourse on Monday, GT Capital shares closed at P555, down 0.72% or P4. -Alexandria Grace C. Magno
